Well Fargo emerges as worlds top bank in terms of market cap

Ateneo Professor on Entrepreneurship

Repost from Quartz

Wells Fargo has quietly emerged as the worlds biggest capitalized bank at  $236 billion, stealing the thunder from Chinas ICBC (Industrial and Commercial Bank of China)  And all the while we though that all US banks are weakened by the US financial crisis.

Wells Fargo takes much of its income from mortagage origination which makes its vulnerable, advising rich clients, and lately investment banking